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  1. Willingness to pay for carbon mitigation
    field evidence from the market for carbon offsets
    Author: Rodemeier, Matthias
    Published: February 2023
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    What do markets for voluntary climate protection imply about people's valuations of en- vironmental protection? I study this question in a large-scale field experiment (N=255,000) with a delivery service, where customers are offered carbon offsets... more

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 4
    Inter-library loan:
    No inter-library loan

     

    What do markets for voluntary climate protection imply about people's valuations of en- vironmental protection? I study this question in a large-scale field experiment (N=255,000) with a delivery service, where customers are offered carbon offsets that compensate for emissions. To estimate demand for carbon mitigation, I randomize whether the delivery service subsidizes the price of the offset or matches the offset's impact on carbon mitigation. I find that consumers are price-elastic but fully impact-inelastic. This would imply that consumers buy offsets but their willingness to pay (WTP) for the carbon it mitigates is zero. However, I show that consumers can be made sensitive to impact through a simple information treatment that increases the salience of subsidies and matches. Salient information increases average WTP for carbon mitigation from zero to 16 EUR/tCO2. Two complementary surveys reveal that consumers have a limited comprehension of the carbon-mitigating attribute of offsets and, as a result, appear indifferent to impact variations in the absence of information. Finally, I show that the widely-used contingent valuation approach poorly captures revealed preferences: Average hypothetical WTP in a survey is 200 EUR/tCO2, i.e., 1,150% above the revealed preference estimate.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/272566
    Series: Discussion paper series / IZA ; no. 15939
    Subjects: climate change; carbon mitigation; willingness to pay; carbon offsets; contingent valuation; nudging
    Scope: 1 Online-Ressource (circa 71 Seiten), Illustrationen
  2. "Bad" oil, "worse" oil and carbon misallocation
    Author: Coulomb, Renaud; Henriet, Fanny; Reitzmann, Léo
    Published: [2021]
    Publisher:  Paris School of Economics, Paris

    Access:
    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 331
    Inter-library loan:
    No inter-library loan
    Export to reference management software   RIS file
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / Paris School of Economics ; no 2021, 38
    Subjects: climate change; oil; carbon mitigation; misallocation; stranded assets
    Scope: 1 Online-Ressource (circa 89 Seiten), Illustrationen